Presidents
Herbert Hoover
Name 3 effects of the Great Depression
Homelessness,
unemployment,
decreased economic output,
distrust in the government,
business failures,
bank failures,
home foreclosures
True or False
The Dust Bowl led to a massive increase in crop production and booming populations of livestock
False
The 3 R's of the New Deal
Relief, Recovery, Reform
This provided workers with unemployment insurance, old age pensions, and life insurance.
Social Securities Act
FDR was known as a Great Communicator partially because of these radio broadcasts he would speak to the public
Fireside chats
This event is seen as the 'trigger' or 'starter' of The Great Depression
Stock Market Crash of 1929
AKA Black Tuesday
These were the two main causes of the dust bowl
Drought & Poor Farming Techniques
This closed all banks until inspectors found them to be financially sound.
Bank Holiday
The NRA and AAA were both found _________________ due to their restrictions on workers rights
Unconstitutional
These were shanty towns of the homeless and unemployed on the outskirts of cities.
Hoovervilles
Purchasing stocks for a percentage of their value, agreeing to pay the rest off in installments was known as
Buying on Margin/ Credit
Poor farmers who moved to California looking for jobs were called
Okies
Relief was short term actions to help people until the economy recovered and was aimed at these 3 groups of people
Homeowners, Farmers, & the Unemployed
This is what FDR was accused of trying to do to pass New Deal legislation that he wanted
"Packing the Courts"
FDR's plan to combat the Great Depression
The New Deal
Highest tariff in US history signed by Hoover in 1930
The Dust Bowl occurred in these years
1930-1940
Pumped money into the economy to increase incentives to produce and rebuild people's purchasing power.
Recovery
Reform was
Laws aimed to fix defects in the economy & prevent another economic crisis
Hoover's Reconstruction Finance Corporation gave cheap _______________________ but was seen as "too ______________________".
Loans to banks/businesses
Too little, too late
Name the four main causes of the Great Depression
Overproduction
Speculation
Shaky Banking
Restricted World Trade
Many families were moving from ____________ to ___________________ because of the Dust Bowl.
The mid west to the west coast
This new government office created federal jobs by building public projects like schools, roads, courts, buildings, etc.
Public Works Administration (PWA)
The FDIC...
Insured bank deposits so people couldn’t lose their money even if their bank failed.